Carrefour has started search for Plassat's successor-sources

Redacción de Reuters

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PARIS, Dec 13 (Reuters) - Carrefour has started searching for a successor to its chairman and chief executive Georges Plassat, whose mandate at the helm of Europe’s largest retailer expires in May 2018, sources said on Tuesday.

Since taking over as CEO in 2012 Plassat has led a recovery at Carrefour, focusing on price cuts and accelerating expansion into convenience stores and renovating stores to boost growth.

Plassat, 67, won a second three-year mandate in June 2015. Earlier that same year he underwent surgery and named Chief Financial Officer Pierre-Jean Sivignon and Secretary General Jerome Bedier as deputy CEOs to assist him.

At the May 2016 AGM Plassat said he was going to prepare his succession.

“In October Georges Plassat asked the board to start the process,” a source close to Carrefour told Reuters.